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AFRICOAST ENERGY LAUNCHED
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AFRICOAST ENERGY LAUNCHED

FOLLOWING significant growth in the renewable energy business, 
AfriCoast Engineers SA has developed a sister company to exapnd
its vision.
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Economic diplomacy under scrutiny as trade tensions reshape global order

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A rapidly shifting global trade landscape, marked by geopolitical tensions, weakening multilateralism and growing protectionism, is forcing countries such as South Africa to rethink their economic diplomacy strategies. This was a central view that emerged during a webinar hosted by nonprofit economic research institution the Trade & Industrial Policy Strategies (TIPS) on May 22, titled “Development Dialogue: Economic Diplomacy in a Changing World’, which brought together trade experts, academics and policymakers to examine the future of the global trading system and South Africa’s positioning within it.

Stagnating formal employment, but growing informal work requires structural changes in ...

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Labour union UASA has said that the meagre growth of 1.1% in employment underpinned by employment contracts over the past 15 years, compared with the 108% growth in the number of people working without employment contracts, means that people are creating work for themselves. The ‘UASA Employment Report 2026’, produced by market research company the Bureau of Market Research (BMR), shows that South Africa's labour market is undergoing significant structural transformation within a constrained economic environment.

Treasury to start deducting money owed to municipalities by provincial and national departments

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The National Treasury has taken a decision to deduct monetary amounts owed to municipalities by national and provincial government departments to settle outstanding debts, Finance Minister Enoch Godongwana announced in his Budget Vote address. He reported that provincial departments owed municipalities about R14.9-billion currently, while national departments owed municipalities about R8.2-billion.
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